TEMPUS APPLIED SOL COM USD0.0001 (OTCMKTS:TMPS) has seen incredible volume recently that has surpassed 2 million shares trading hands. The stock has been on a tear since the news of Swedish billionaire, Johan Eliasch, purchased a 10% senior note. The move gave him access to 77,500,000 TMPS common shares at a fixed price of $0.08.
TMPS, seemingly under the direction of Eliasch, installed a new CFO who has experience with mergers and acquisitions. CFO Johan Aksel Bergendorff started his career with Ernst & Young before he joined PricewaterhouseCoopers. The talent for mergers might be a clue of where this company is heading in the near future. All the upper crust money and insider action is pushing this stock higher and higher,
TEMPUS APPLIED SOL COM USD0.0001 (OTCMKTS:TMPS) provides design, engineering, systems integration and flight operations solutions that support critical aviation mission requirements for a variety of customers including the United States Department of Defense, other U.S. government agencies, foreign governments and select corporations and individuals in the private sector.
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Johan Eliasch, is a Swedish billionaire businessman, and the chairman and chief executive officer (CEO) of Head N.V.,the global sporting goods group, and the former Special Representative of the Prime Minister of the United Kingdom. He is on the board of directors of Equity Partners, Aman Resorts, London Films, the Foundation for Renewable Energy and Environment, Longleat and Acasta Enterprises.
In addition, Eliasch is an advisory board member of Brasilinvest, Societe du Louvre, Stockholm Resilience Centre, Capstar, Centre for Social Justice and the British Olympic Association. He is a member of the Mayors of Jerusalem and Rome’s International Business Advisory Councils. He is the first president of the Global Strategy Forum, a trustee of Cool Earth and a patron of Stockholm University.
Eliasch increased his position May 16th, 2017 purchasing and additional 2,032,944 common shares at a price of $0.13. This means that he now owns 79,532,944 common shares representing an 89.8% ownership of TMPS through his holding company Santiago Business Co. International Ltd.
Furthermore, and this unsubstantiated, we had a look at what other investors are saying on investor chat sites. We found information about the company’s current shareholders at the iHub forum. Wealthy market names have been buying shares and insider activity in the stock is very high. These are all very good signs.
TEMPUS APPLIED SOL COM USD0.0001 (OTCMKTS:TMPS) is a hot ticket on the OTC right now. Since June 20th, the stock is up 180% and the stock has already added another 18% this morning. TMPS carries a $7.30M marketcap with 11.06 shares outstanding, but could be seeing a new life with a more aggressive controlling interest group behind the scenes. What the future holds for TMPS in this new leadership is unclear, but investors are eating it up right now and we are certainly intrigued. For continuing coverage on shares of $TMPS stock, as well as our other breakout stock picks, sign up for our free newsletter now and get our next hot stock pick!